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MC explains | 20% TCS on foreign spends: Credit card spends when overseas exempt for now, booking international flights, hotels separately can minimise tax impact

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The government has clarified that standalone purchases of foreign flights or hotel stays are not considered as a purchase of an overseas tour package; they are covered under LRS.

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​ The government has clarified that standalone purchases of foreign flights or hotel stays are not considered as a purchase of an overseas tour package; they are covered under LRS. The government has clarified that standalone purchases of foreign flights or hotel stays are not considered as a purchase of an overseas tour package; they are covered under LRS.  Moneycontrol Latest News Read More  

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